Feed demand drives California yellow grease prices higher

Feed demand drives California yellow grease prices higher

The US tallow and choice white grease (CWG) markets were mostly quiet on Wednesday September 4, with no trading reported, but bids were heard lower on pressure from the soybean oil and heating oil futures markets.

Bids for tallow into the US Gulf market were reportedly down, as low as 45 cents per lb delivered, although no trading was reported on Wednesday.

Yellow grease did trade higher in the California markets, with support from the feed market.

Most traded prices for distillers’ corn oil (DCO) were down, again on pressure from the nearby soybean oil futures market.

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